PVO is planning a share issue for Olkiluoto 3 - UPM's share EUR 115 million

3/1/2013 6:00 AM EST

UPM-Kymmene Corporation
Investor News

PVO is planning a share issue for Olkiluoto 3 - UPM's share EUR 115 million

(UPM, Helsinki, 1 March 2013 at 13:00 EET) - Pohjolan Voima Oy (PVO) has
informed UPM that it is planning a share issue of maximum of EUR 230 million in
order to finance the new shareholder loan commitment proposed by the Board of
Directors of Teollisuuden Voima Oy (TVO). UPM’s share of the issue is estimated
to be EUR 115 million, corresponding UPM shareholding. The share issue would be
implemented with the B2 shares during the coming years based on the financing
requirements. 

Both TVO and PVO shareholders would decide on the matter in their respective
shareholders’ meetings during the second quarter of 2013. UPM will decide on
its possible participation in due course. 

UPM has a 44.0% shareholding of the associated energy company Pohjolan Voima Oy
(PVO) which is a majority shareholder (58.39%) in nuclear power company TVO. 
UPM holds 50 % of PVO’s B2 –shares. 

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UPM-Kymmene Corporation
Pirkko Harrela
Executive Vice President, Corporate Communications

UPM, Corporate Communications
Media Desk, tel. +358 40 588 3284
 
www.upm.com

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